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Property profile & analytics
OFF-MARKET
Estimated value
$2,115,000
Office buildings
495 Schutt Rd Ext Middletown, NY 10940-2268
Entity Owned
7-yr Hold
Free & Clear
Property ID
US63-0616582
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Total area
16,695 SF
Lot
2.4 ac (104,544 SF)
Zoning code
TC
APN
335200 50-2-58.21
UPID
US63-0616582
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Donald Toporoff Dental Office
-
Dr. Amir Ahmadi Dental Office
-
Dr. Sylwia Rostkowski Dental Office
-
Elizabeth Nemeth Realtor in NY /John J Lease Realtors INC Real Estate Agency
-
Elizabeth Nemeth Realtor in NY Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.20M
Blend (final)
Blend
$2.12M
Owner & transaction history
495 Schutt Rd LLC · 7 yrs held
495 Schutt Rd LLC
since 2018
4 recorded transactions
Zoning & alternative use
TC · Middletown, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.4M
+8.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,175,000
Current use
RETAIL STORES
$3,445,000
Change: +8% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,790,000
Change: -12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,560,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$2.12M
Range $1.90M – $2.33M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$127 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2021Property tax & assessments
Tax year 2021
Assessed value
$318,800
Assessed 2023
Previous assessed
$318,800
+0.0% YoY
Assessed land
$48,000
Assessed improvement
$270,800
Land market value
$331,031
Improvement market value
$1,867,569
Total market value
$2,198,600
Applied tax rate
330,900.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2007
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
16,695 SF
Lot
2.4 ac (104,544 SF)
Zoning code
TC
APN
335200 50-2-58.21
UPID
US63-0616582
Jurisdiction
ORANGE
Zoning & alternative use
TC · Middletown, NY
Zoning TC · permitted uses
TC · Middletown, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middletown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.2M
RETAIL STORES
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.6M
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
2.4 ac
Current owner
From public records · entity-resolved
495 Schutt Rd LLC
Entity
Free & Clear · 7 yrs held
Mailing address
5 CORPORATE DR, WARWICK, NY 10990
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2018
$3,150,000
495 Schutt Rd LLC
Wallkill Office LLC
Grant Deed
—
Aug 3, 2018
$350,000
495 Schutt Rd LLC
Wallkill Office LLC
Grant Deed
$359,042 · Salisbury Bk&tr
Aug 3, 2018
—
495 Schutt Road LLC
—
Deed
related
$2,625,000 · Simsbury Bk&tr
—
—
495 Schutt Road LLC
—
Loan Modification
related
$2,625,000 · Simsbury Bk&tr
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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